Most of Us Are Dependent on Crude Oil in Some

question 10

Multiple Choice

Most of us are dependent on crude oil in some shape or way, whether it's to power our cars or to heat our homes in some parts of the country. More than 80 percent of the home heating oil used in the United States goes to the Northeast. It is suggested that there needs to be government regulation to make it illegal to charge a very high price for oil. This type of regulation would be a

• A) price ceiling.
• B) price floor.
• C) shortage regulation.
• D) tax incidence.

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Definitions:

Good Listening Skills

The ability to actively understand information provided by the speaker, showing interest, and providing feedback.

Arguments

A series of statements or reasons made to persuade others that an action or idea is right or wrong.

Rational Support

Justification or backing based on reason, logic, or facts.

Critical Thinking

A disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information.